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Government creates inflation

newtboy says...

To my “the fool”-
Again you lie. Point to when I ever said that you fucktard. I have ALWAYS said deficit matters, so does intelligent spending, so does overall debt, so does our national credit rating. All went to shit faster than ever before or since under your dementia riddled crime boss.

Your brain is mush. You just make up nonsense constantly, then contradict yourself.
It was you who said for 4 years that deficits don’t matter while your idiot ran up the deficit and debt faster than ever before and I shouted daily that he was bankrupting the nation and not getting anything for it, at least Biden invested his spending in America, didn’t waste it on useless trade wars, tax breaks for the ultra rich (that didn’t trickle down or stimulate the economy) and PPP handout loans to business “owners” (that didn’t have to be repaid and were ripe with fraud because there were no standards, no vetting, because it was in fact designed to be easy to defraud and was the most fraudulent assistance program in history) and other ego driven stupidity that gained nothing, all this at America’s expense with no benifits.

I have never once said anything nearly so stupid. You have often. Let me ask (for you to ignore the question because you hate the answer)…who had the last balanced budget…who last paid down the debt? Hint- it rhymes with Minton. Which party presided over the last 3 major recessions? Hint- they all wear red ties.

You denied spending mattered when it was out of control under maga leadership, you have absolutely not been saying this all along you liar. When I said starting in early 2020 that Trump’s out of control spending spree and crashed economy in 2020 would result in high inflation… you denied it was related, then blamed Biden when the predicted inflation spike hit.

Government needs to spend wisely, not for ego and spite like Trump spent. Biden spent a lot, but it revived the economy much faster than any other Western nation after Covid and improved GDP significantly….after Trump’s Covid response was the worst in any Western nation by far making killing Americans at 5 times the percapita average worldwide and turning our GDP to a negative for the first time in history in peace time.

The Republicans have blocked a balanced budget for decades, but we do have a budget, moron. Their obstruction, trying to shut down the government out of spite has lowered our credit rating costing billions or trillions for absolutely no gains.

Maga would prefer no government at all and is actively working against the government functioning, but these idiots can’t see past their “freedom” (freedom to be horrifically evil, racist, uncivil, and inhumane) to understand that we would become Russia or China in a week, and their little home protection guns and fake “militia” clubs won’t kill a single soldier in the invasion.

Still waiting you ballless wonder. Such a whining little cowardly infant…DJ really turned you into a petty, uneducated, idiotic pansy boy. Must be all that fantasizing about sucking the mushroom tip. It’s hilarious your insecurity forces you to keep displaying your insecurity publicly, incapable of admitting you’ve ever been w-w-w-wrong (despite your never actually being right, especially when it comes to speaking English) because you’re so insecure you are certain that if you admitted you made a mistake no one will love you. 😂

bobknight33 said:

Your the fool that keeps saying deficit does not matter.
Now you want to claim otherwise. Funny.



I've been saying this all along.

Government need a budget not CRs.

This non budget has been going on for nearly 20 years.

bobknight33 (Member Profile)

newtboy says...

More idiotic stupidity. Anti-American wishful thinking, wishing the economy was tanking so you could blame Biden, but you would never under any circumstances give him credit for the boom…to the extent you actually deny the economy is doing well to avoid crediting Biden. 😂 It’s exactly what Don Poorleon told you to do…he hopes the economy will crash before the election because it might benefit him personally, who cares what it does to America. It’s why MAGA is outraged that a spending bill got through, they want another disastrous government shutdown, and would blame the left for the costly effects despite being the obvious culprits.

The economy is doing great, despite the ridiculous statements that you cut and pasted about “”survey based hope”, whatever the fuck that’s supposed to be, on Bulgarian site zerohedge, an extreme far right propaganda site that is so outrageous in its constant stupid lies only idiots can believe that it’s been banned from google and others for claiming pseudoscience and insane conspiracy theories as facts. https://mediabiasfactcheck.com/zero-hedge/
You cannot think for yourself at all anymore, to the point you can’t even read an article and give a synopsis, all you can do is cut and paste nonsense. What a sad useless state to be in.

And what do you get from them, more ridiculous prognostications of doom and gloom that absolutely never come to pass. “Sure, we admit that under Biden’s leadership everything is great now, way better than Trump left the country/economy, but it’s all about to crash because Biden is incompetent and has just been coasting on Trump’s success for 3 years.” You’ve been trying to sell that absolute insanity for 3 years now.

Facts- GDP up, wages up, inflation down, stock market booming, jobs still at unprecedented high levels, interest rates steady. Is this “report” (that you know I’m not clicking Mr virus) just abut Tesla or Facebook or Toth Senchal? Trump org? Are its stats coming from Dementia Don? Sounds like it. It’s certainly not about the country as a whole.
America’s economy recovered from the disastrous covid (non) response that was the worst among western nations (in 2020 1/4 of worldwide covid deaths happened in America under Trump, 5 times the worldwide per capita average), recovering faster and stronger than any other western nation.

You really need to try real news sources, not just propaganda sites that sell you stories you want to be true. Sucker.

bobknight33 said:

How that Bidenomics going. Not so good is it. The Biden economic clock winding down.

https://www.zerohedge.com/markets/bidenomics-blowback-survey-based-sentiment-collapses-hope-evaporates

Bidenomics Blowback - Survey-Based Sentiment Collapses As 'Hope' Evaporates


Under the hood was even more problematic:

New orders fell at a faster pace; signaling contraction

Employment fell at a slower pace; signaling contraction

Inventories fell at a faster pace; signaling contraction

Supplier deliveries fell and a faster pace; signaling contraction

Production fell at a faster pace; signaling contraction

Order backlogs fell at a slower pace; signaling contraction

Worse still, Prices paid rose again!

So, in summary: slower growth, declining production, shrinking orders, falling employment... and accelerating inflation - is it any wonder that 'soft survey' data is collapsing - not exactly election-winning headlines.




Biden's foreign policy is just as bad--- a bad joke.

FJB MEGA 2024

MAGA Witness Admits He Is A Russian Intelligence Agent

newtboy says...

You first coward. I’ve been waiting for over a month, for the third or fourth time, and I’m still waiting for an infant to hit puberty and grow a pair. Those tiny grapes haven’t dropped yet, Bobby. I think they might have withered on the vine.

Why would I comment on some stupidity that has no basis in reality? Trump is flailing, trying anything to escape the trials where he will be found guilty of treasonous activity because HE IS GUILTY. That paperwork isn’t worth the paper it’s printed on, neither is the silly meaningless accusation about Willis.
Edit: his latest fraud, trying to move his NY business addresses to Florida before the judgement was entered to attempt to avoid ever paying the judgement, was discovered immediately and failed, judgement entered, Trump’s broke as a joke with no one willing to loan him a dime…I bet if he sold his interest in all of his properties worldwide it wouldn’t pay his fines, legal bills, and outstanding loans. His creditors and the state are coming to fight over his financial carcass. Lucky Ivanka has billionaire Jared (who isn’t helping with daddy’s bills), the boys will end up on the street. 😂

Don’t you find it odd that Trump’s defenses are all attacks against the prosecution and false equivalence whataboutisms but never actual defenses for the crimes he committed?

Yes, you absolutely have a full blown case of TDS, and massive ignorance of the law and courts functions, and a willingness to ignore all ethical, moral, legal, even human failings by your guy and make up more then exaggerate their importance about his rivals.
If you applied the same criteria to judging Trump that you apply to judging Biden you would hate and despise him far more, but you don’t.
Seeing how 99% of my claims are verified in courts and 99% of yours are debunked completely within a week of you making them up, I think it’s clear who is blinded and who sees reality.

bobknight33 said:

How about your reply on the paperwork filed with the Supreme Court about Jack Smith not being a legitimate Special Prosecutor?

Or Fani Willis procurator banging the hired help and her conflict of interest- let along paying her lover twice as much as the other 2 she hired.

Do I have Trump derangement syndrome or do you have so much Anti Trump running through you that you are blinded by reality?

Birds Aren’t Real On Fox News

newtboy says...

Only a government mole would say such a thing hoping to embarrass or shame people out of telling the truth!

What you don’t realize is we already know….moles (and gophers) also aren’t real, having been replaced worldwide by government controlled bioengineered cyborg rodents after 9-11 to keep track of may-be-terrorists who already know how to successfully avoid surveillance by “birds”.

Nice try…we’re on to you little fuzzy buddy.

noims said:

On the secret third hand that humans all have, I hope the commenters here on the sift who also claim birds aren't real stop doing so - it's only feeding into the birdbrains' delusion. This paragraph was not written under duress, and there are no starlings in the room here with me.

bobknight33 (Member Profile)

newtboy says...

Lol. So dishonest. Such ability at stretching reality and precognition you must have. “Everything’s good now, but it’s going to be terrible soon!”…pretty much what you said Jan 2021 but it’s been all uphill since then.

Under Trump- highest unemployment in memory : you just ignore and try to forget
Lowest gdp ever in history : you say it didn’t happen, wasn’t Trump’s fault, and when those sad excuses fall apart “doesn’t matter”
Inflation rising faster than ever with more dollars printed in 4 years than any other decade under Trump : you don’t know why that causes inflation so you blame anything but government until Biden takes office, then it becomes 100% the president’s fault.
Markets crashing : you ignored it under Trump and proclaimed it a great time to buy Tesla, and now you ignore the consistent market rise under Biden. My portfolio added 7% in the last 2 months, and the Dow is up, reaching record highs under Biden…maybe your stupid anti woke investments just suck.
Sounds horrific with over 1 million dead, millions disabled, trillions in medical bills and a near depression : you say “nothing burger, Trump’s the best at economy ever”
Food shortages, parts shortages, shipping gridlocks making it much worse : you pretend Biden was in charge in 2020 and blame him, (so ridiculous that your righty media posted dozens of photos of empty shelves from 2020 in 2021 to pretend it wasn’t better and you bought it) then you ignore that the shortages ended shortly after he was sworn in.

Republicans won’t raise the ceiling because the MAGA wing thinks default under Biden will be good for them because they believe voters are as ignorant as they are and will buy whatever they say when they blame Biden for their sabotage of the economy,….in your case they’re right. They’ve already cost untold millions by delaying so long with more harm done daily, and when they fail to raise it by June they’ll cost America trillions and kickstart a worldwide depression. Understand they still don’t have a plan at all now months after it was their duty to raise the debt ceiling like they did every year for Trump who spent like a drunken sailor with the captains treasure….squandering over 1/4 of today’s total US debt on personal ego stroking projects and gifts to billionaire donors…not one word of protest from the right as he blew up the deficit and debt by trillions every year. Not one complaint when Republican stunts cost billions (like Abbot’s grandstanding truck inspection farce that found absolutely nothing but cost $4 billion).

Republicans were in charge fully, it’s their mess. Covid didn’t hurt countries like NZ that took it seriously even a small fraction of how much Trump’s denials for months and lack of a plan ever decimated America. Trump’s/MAGA’s fault.
Government waited too long to start subsidies, giving people a reason to go to work and spread disease, ending with over 1 million deaths. You really DO get literally EVERYTHING wrong, then can’t understand why you are failing so consistently.

🤦‍♂️

bobknight33 said:

Unemployment low. : For now
Gdp high. lowing down
Inflation falling. : Because lack of $ in pockets
Markets rising. : Nope Going sideways last few months
Sounds good to me. : Calm before the storm.


Republicans will raise the ceiling. Rep not the fault of this mess.
Covid lock downs and too much Gov $ dumped in the system too quickly

bobknight33 (Member Profile)

newtboy says...

Exactly the non-answer know nothing twaddle I expect from you, even when you are warned against such stupid vapid nonsense that only indicates you have absolutely no clue what you’re talking about, as usual, and are just regurgitating propaganda as best you can, which is pretty damn bad because you clearly don’t understand it.

Prices will go up….by 1/1400 of one cent per gallon? Little boy, you are such a troll with nothing to say….and you’re undoubtedly wrong as usual.

In total under Biden 180 million barrels have been released, most over the summers when prices spike. Under 16 days worth over 730 days. In Oct he announced the final release…10-15 million barrels, through the end of the year. .8 - 1.2 days worth over 90 days. Barely over 1% of demand maximum. If you think that dramatically changes prices at the pump, you’re dumber that you sound….which is unbelievable.

Meanwhile, oil company profits have tripled from pre pandemic levels after a few oil companies had 2 bad quarters in 2019- 2020. They recovered their losses and then some in 2021, 2022 they raked America over the coals, intentionally creating shortages while their profits skyrocketed.

https://www.reuters.com/business/energy/wrapup-global-oil-giants-rake-massive-profits-third-quarter-2022-10-28/

Tapping the strategic petroleum reserve was never about lowering prices, it was about showing he was trying everything to lower them as they rose worldwide faster than in America. It was a political show to stop the Cons from claiming he was doing nothing as they blocked every legislative move he tried. It would never make a noticeable difference by itself.

What will happen to gas prices, I expect they’ll continue to fall precipitously like they have since June because 1) our supply has returned to close to normal and 2) we are in winter, when natural gas price rises and gasoline drops EVERY SINGLE YEAR. Duh.

The quality of your trolling has depreciated noticeably since your numerous political and financial losses piled up. What’s wrong? Are your handlers too busy preparing their defenses, and looking for new networks, to spoon feed you today’s fabricated Con positions?

bobknight33 said:

Biden is using the SPR which has lower prices. by stopping its use prices will go up.
There is no long dissertation needed. It is simple supply and demand -little man



So what do you think?
When the SPR is depleted or stopped being used what do you think will happen to gas prices?

bobknight33 (Member Profile)

newtboy says...

Elon reversed his free speech stand on Twitter, banning accounts he specifically said were safe, and going farther, banning the people who ran the accounts (like the one tracking his plane using public information) even though they violated no rule or policy.
At the same time, he pulled all fact checking and safety screening, allowing covid disinformation and neo nazis back.

Edit: now he’s attempting to Welch on contractually obligated severance pay he offered thousands to quit their contracts. He’s not only going to be sued into the poor house, his employees are going to sabotage his companies now that it’s clear he’s going to screw them even worse than he already has, will cheat them out of pay, severance, and other contractual obligations. He’s actually so dumb and self centered he thinks just not paying bills is a cost savings method, not criminal theft. That’s what the right does, welch on obligations. It’s going to be sweet when his landlords reposses Twitter, and his ex employees take Tesla as compensation for contract violations.
Tesla is failing now that Elon showed his hand as a petulant child, not a stable genius, not an engineer.

He’s so screwed, he/Twitter has reportedly stopped paying rent on Twitter global offices worldwide among other bills.

He’s really turned out to be a moron. He’s no longer the world’s richest person, but is the biggest loser in history now. Tesla down over 60% ytd and in freefall, and favorability among democrats has dropped from well over 30% to below 10%. Not great to alienate your customer base before becoming profitable as competition ramps up.

Hurricane Ian Southwest Florida compilation

Bolsonaro: Last Week Tonight with John Oliver (HBO)

newtboy says...

Watch Brazil to see what might have happened here….and still may.

If Trump had a tiny bit of foresight, loyalty, or the ability to see another’s point of view and had actually been a friend of the military instead of using it as a disliked but necessary political prop his entire tenure, Jan 6 could have been different.

The far reich is on the rise worldwide.

Why GM Says Its Ultium Batteries Will Lead To EV Dominance

newtboy says...

Um…My last math class (besides taking statistics as an elective) was advanced placement B-C calculus, where I excelled. How about you?
And when do you think I said I’m a math teacher? Another delusion.
I told you for approximately the 29th time my work resume just days ago, and already you know absolutely nothing about it. Just wow. Exactly what I said would happen. I won’t say you have the memory of a gnat….that would be insulting gnats and giving you too much credit.
I’ve never been a teacher, I did edit the teachers edition of a third grade math book when I was 13…is that what you’re misremembering?

Elon himself said publicly he plans a 10% reduction in salaried workers including line workers with only 3 exceptions for battery builders, Solar installers, and car builders….but including thousands of maintenance, construction, design, quality control, new line manufacturing, etc, not just white collar, and rehiring hundreds as hourly no benefits workers, not increasing his workforce. Also announced a hiring freeze worldwide.
https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/

bobknight33 said:

Maybe you dont know math that well -- And your a math teacher? So you say. Seems like you are doing a disservice to you students.

10% reduction of force of white collar jobs but hires hundred of workers for the auto lines.

“Don’t Look Up” in Real Life

newtboy says...

Crop failure by 2030!?….oops, try 2022.
Unprecedented drought and unheard of global temperatures right now. Massive crop failures worldwide, and more just not being planted for lack of water.
We aren’t on the road to global catastrophe, we are knee deep in one. Thousands if not tens of thousands will die This week in Europe as a direct result of human caused climate change. Over 1500 died in Spain and 1000 in Portugal from heat just in this one event, over 4200 across Europe….so far. Crop losses will multiply that exponentially.
We are on the downhill ride into mass extinction and we already ripped our brakes out and pulled the steering wheel off and are arguing over how hard to stomp on the accelerator.
If the ecological cost of burning gasoline was included in the price, it would be well over $10.


bobknight33 (Member Profile)

newtboy says...

It dropped precipitously because Elon was buying Twitter and would have to sell billions of stock to pay for it, just to name one self inflicted wound. The economic state should benefit Tesla, as you say, with gas at $5 and rising, ev’s are in high demand.

Gas in Canada is $6.75 US. UK is $5.75 in usd. Europe is around $5.25. But sure, it’s all Biden’s fault. Meanwhile my Exon, BP, and energy mutual funds are reporting record profits….but there’s no correlation. Hmmm.

I guess you didn’t hear Elon decided to cut his workforce by 10% anticipating a slump in sales. Elon doesn’t share your optimism.

Isn’t his major production hurdle a worldwide chip shortage, which he can do nothing about? Not sure how he’s going to ramp up production without more chips.

China isn’t the only economy in trouble….where is this unsold production supposed to go? Europe?…in trouble. US?… looking like we’re in trouble and a logistics nightmare. How much does shipping add to the price too? $5k? More?

All car manufacturers raised prices multiple times last year significantly, they all have a shortage of chips. I think it’s more likely he raised prices because he could without slowing down sales, not in order to slow sales.

Granted, ev’s are in high demand, but the big 3 are ramping up production and will outbuild Tesla in short order, as are European and Asian companies. He’s done great without competition, but some real competition is coming. The electric F150 is going to produce around 15000 this year with over 120000 (edit now 200000) reservations. They built a billion dollar factory for it alone, it will be the best selling full sized ev truck as soon as production starts. They also won’t have a chip constraint because they can take them from their huge f-150 supplies to meet production estimates.

If you want Tesla stock it’s not the worst time to invest, that was last November, but I certainly wouldn’t go all in. The PE ratio is still near 100….GAWD AWFUL. That’s called a speculative bubble….they pop. Ask Twitter.


Sorry about your dad. Mine died when I was 21. It’s never easy.

bobknight33 said:

I respectively disagree.

This is the buy of the year. 40% off from its high. Not from anything Tesla has done ( or not done) but from the economic state America is going through.

I don't think this will turn around till our leadership changes in 2024


Since last qtr 2021 Tesla opened 2 Giga Factories Texas and in Germany. They are ramping up and will get full speed in 2 years. This year expect 200 thousand from these as they ramp.

Giga Shanghai was shut down and lost 50, 000 vehicles of production. They reopened fully 2 weeks ago . China economy is taking a big hit. But what isn't sold will be ship and sold elsewhere.


2022 yearly estimate production is still about 1.5 M vehicles for the year.

Wait time from order to delivery is average 7 months. Tesla increase their prices 8 times last year to keep this 7 months from getting worse.

Demand out strips supply.


Gas at 5$/gal isn't helping the ICE vehicles at all and will push EV demand even higher.


Like I said

This is the buy of the year. 40% off from its high.
Also looks like a stock split of 3 to 1 is coming. This does nothing but make it cheaper for those who would like to enter this. One can do so at a lower, affordable price point.



Buy and hold



Buy 10 shares and hold for 5 o 10 years.





FYI.
My dad passed away last month on the 28th. I've been out of work tending to him and now settling the estate.

Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

newtboy says...

Yes, but day to day you don’t know if you need .05 of one for groceries or a wheelbarrow full. It’s unstable. That’s the entire point I’m making.

Unsecured “tokens” with no intrinsic value (like gold has) are only worth what a moron will pay….today. That varies wildly.

Gold is worth what nations have agreed is it’s value worldwide (with minor local variation)….and it has actual uses, and a finite measurable volume.

vil said:

That is a pretty solid definition of exchange value. You can go shopping with that.

Watch The Tesla Plaid Go 0-160 MPH

newtboy says...

Um….the horse and buggy still exists. It’s the main transport in many (often poorer) places, even some in America (Amish country).

You’re insane if you think the internal combustion engine is dead. Even if that was the worldwide goal, it would take decades upon decades to pull off and tens-hundreds of trillions in subsidies….and even then there are hundreds of applications where electric doesn’t work for hundreds of reasons.
If you believe that, why do you support expanding oil exploration and offshore drilling? Why destroy the few places left unadulterated for a horrendous energy source you claim is phasing out soon. That’s incredibly short sighted and dumb.

Besides, you might be unaware, the electric car was more accepted than combustion engines before, at the turn of the last century. We’ve seen this movement before. It didn’t turn out as you predict.

Electric is great, but it’s not a panecea, and it’s not a painless switch.

bobknight33 said:

Sure plaid is overkill. But will also change the minds of all who see what EV can do and will push the decade of EV forward/


Like the horse and buggy, the I.C.E age is ending.



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